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Россия
За время, прошедшее после открытия нашего московского офиса в 1991 году, фирма «Клири Готтлиб» одной из первых среди юридических фирм сформировала в России юридическую практику, которая на данный момент является одной из самых крупных в стране. Для нашей фирмы вошло в традицию заниматься наиболее крупными и сложными российскими сделками на рынках капитала и сделками по привлечению финансирования, и в настоящее время на нашем счету – 17 первоначальных публичных предложений ценных бумаг российских эмитентов и свыше 50 размещений еврооблигаций российских эмитентов. Фирма «Клири Готтлиб» выступала консультантом при осуществлении целого ряда международных сделок по слиянию и поглощения компаний (включая как сделки в отношении российских активов, проведенные транснациональными корпорациями и фирмами, занимающимися инвестициями в капитал частных компаний, так и сделки в отношении иностранных активов, проведенные российскими компаниями), а также при осуществлении сделок на внутреннем рынке России. Наша фирма участвовала в качестве консультанта на стороне заемщика в целом ряде крупнейших синдицированных кредитов и проектных финансирований, предоставленных российским компаниям. Мы регулярно предоставляем нашим клиентам по всему миру консультации по вопросам российского антимонопольного законодательства, а также консультируем наших российских клиентов по вопросам антимонопольного законодательства Европейского Союза и США (в том числе – по вопросам представления в соответствующие органы предусмотренных нормами этого законодательства документов). Кроме того, фирма «Клири Готтлиб» успешно представляла интересы российских клиентов в ходе международных арбитражных разбирательств, а также в ходе судебных разбирательств в США, Соединенном Королевстве и других странах Европы. Наконец, наша фирма представляла интересы правительства Российской Федерации по широкому диапазону финансовых вопросов, включая его отношения с Лондонским и Парижским клубами.
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Apr 15, 2008
Cleary Gottlieb is representing long-time client TPG in its acquisition of 50% of Russian pharmaceutical distributor SIA International Ltd. for approximately $800 million. The wholly equity-funded deal is the largest private equity investment in Russia to date.
The deal makes TPG a joint venture partner with Igor Rudinskiy, SIA’s founder and majority owner, who will control the other 50% of the company.
SIA is the largest pharmaceutical distributor in Russia. It supplies pharmaceuticals to over 30,000 Russian pharmacies and hospitals on a daily or weekly basis through its network of 41 regional subsidiaries. In 2007 SIA’s revenues were $2.7 billion. Almost one quarter of pharmaceuticals in Russia are distributed through SIA. The size of the Russian pharmaceuticals market was approximately $12.4 billion in 2007, which represents 16% growth from 2006.
Dec 18, 2007
Cleary Gottlieb is representing Evraz Group S.A. in its cash acquisition of Claymont Steel Holdings, Inc. for $565 million. Under the merger agreement, which signed on December 9, a subsidiary of Evraz commenced a tender offer for all outstanding Claymont Steel shares. Following a successful completion to the tender offer, which launched on December 18, Claymont Steel will merge with the subsidiary and become a wholly owned subsidiary of Evraz.
H.I.G. Capital LLC, Inc., which owns 42.6% of Claymont Steel’s stock, has committed to tender its shares into the offer.
Evraz, headquartered in Moscow and listed on the London Stock Exchange, is one of the largest vertically integrated steel and mining businesses in Russia. Claymont Steel, a NASDAQ-listed company headquartered in Claymont, Delaware, manufactures and sells custom discrete steel plate in North America.
In the past two years, Evraz has acquired two other U.S. companies: it bought a controlling stake in vanadium producer Strategic Minerals Corporation and acquired Oregon Steel Mills, Inc. for $2.3 billion in 2006. Cleary Gottlieb represented Evraz in those acquisitions as well.
Sep 20, 2007
Cleary Gottlieb is advising Renaissance Capital Group in its 24.99% minority investment in Ecobank Transnational Incorporated.
RenCap is the leading independent investment banking firm in Russia and the Commonwealth of Independent States. Since its inception in 1995, it has raised over $50 billion — more than any other financial institution in the region. A private investment banking firm wholly owned by management and employees, RenCap is part of an independent group of finance and investment companies specializing in high-opportunity emerging markets.
ETI is the parent company of the Ecobank Group, a leading regional banking group in West and Central Africa serving wholesale and retail customers. It has a network covering 18 countries.
Jul 11, 2007
Cleary Gottlieb successfully represented ALROSA Company Limited, Russia's largest diamond producer, in its challenge of a European Union decision prohibiting ALROSA from selling any of its rough diamonds to De Beers, the world's largest diamond producer. The European Union had previously prohibited all dealings between the two companies with effect from June 1, 2009, following the Commission's rejection of their five-year trading agreement, signed in 2002. At the time, the rough diamonds reserved for De Beers under the trade agreement represented roughly half of ALROSA's annual production and all of its diamond exports.
The Commission had initially accepted ALROSA and De Beers' joint proposal to reduce the annual volume of rough diamonds sold under the trade agreement. Following a change in the Commission's membership and a largely negative response to the Commission's market testing of the proposed settlement, the Commission decided, without explanation, to accept De Beers' unilateral commitment to cease purchasing rough diamonds from ALROSA beginning in 2009. In exchange, the Commission agreed to terminate the competition proceedings pending against De Beers and ALROSA.
The Court of First Instance, in the first case to interpret the Commission's new commitment procedure, has annulled the Commission's acceptance of De Beers' unilateral commitment. In rejecting the proposed prohibition on sales as disproportionate, the Court held that "The fact that an undertaking had proposed commitments to the Commission does not relieve it from its duty to assess whether these commitments are proportionate." The Court also ruled that ALROSA had been denied the right to know the grounds for the Commission's rejection of the parties' original joint commitments, as well as an opportunity to make known its views on the Commission's decision accepting De Beers’ unilateral commitment.
Jun 14, 2007
Cleary Gottlieb served as Russian, English and U.S. counsel to Rosinter Restaurants in its $100 million Regulation S initial public offering, which closed on June 14. Renaissance Capital acted as sole bookrunner and underwriter for the offering of the shares, which trade on the Russian Trading System Stock Exchange.
The selling shareholder, RIG Restaurants Limited, structured the offering as the sale of secondary shares. Following completion of the offering, RIG subscribed to $60 million in primary shares. Mr. Rostislav Ordovsky-Tanaevsky Blanco, who founded the casual dining business in 1993, remains the ultimate controlling shareholder of the company.
Rosinter operates the largest casual dining business in Russia and the CIS with 192 restaurants, including its locally-famous IL Patio and Planet Sushi brands, and is also T.G.I. Fridays® franchisee in Russia and the CIS.
Russia M&A Adviser of the Year
Acquisitions Monthly (2009)
Russian Law Firm of the Year
International Financial Law Review (2007)
CEEMEA Equity Issue of the Year
(Rosneft's IPO)
International Financing Review (2006)
EEMEA Emerging Market Bond of the Year (Vneshtorgbank’s Tier 2 capital offering)
International Financing Review (2005)
“Highly Recommended” for Banking and Finance in Russia
PLC Which Lawyer? Yearbook 2005
“This ‘premier capital markets’ practice is endorsed by peers for its ‘clear niche focus and formidable ability.’”
“‘One of the best in terms of depth of experience, consistency, quality of advice and customer service’…The firm has ‘focused on capital markets work since it first entered Moscow in 1991,’ and its excellence attracts mandates of the highest caliber…”
Chambers Global (2008)
“The Moscow group...is regarded as ‘the most reliable and experienced team out there’ for both debt and equity work.”
“Clients also laud Cleary’s ‘exceptional ability to navigate Russia’s challenging political environment.’”
“‘One of the strongest teams in Moscow.’”
Chambers Europe (2008)
“The London group remains deeply rooted in the Russian market and is deemed ‘one of the best teams to manage large-scale offerings in this risk-laden jurisdiction.’”
“‘Ability to manage complex deals with a small transaction team - the main advantage of the lawyers at Cleary is that they will get deeply involved in a project from start to finish and live the whole process with the client.’”
Chambers Global (2007)
"[The firm] has generally emerged as issuers’ counsel of choice [in Russia].”
The American Lawyer (2008)
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